Ian Cowie

Shawbrook sees loan book grow to £7.5bn

In its trading update for Q1 2021, Shawbrook Bank has announced a 5.4% loan book increase to £7.5bn.

According to the lender, the growth was driven by improving origination levels and demand from new-to-bank property and business finance customers.

The strong performance follows its continued investment in technology to support its strategic objective of digitising and enhancing its customer proposition.

In April, Shawbrook launched its new BTL origination platform for swifter case management and implemented its eSignature technology for bridging, commercial and BTL investment customers.

The results showed that the bank’s capital and liquidity ratios were significantly above regulatory requirements and had positive movement in arrears, trending towards pre-pandemic levels following the wind-down of the payment holiday exercise.

Ian Cowie, CEO at Shawbrook (pictured above), said: “Our new business pipeline stands strong with redemptions performing within our expectations. 

“We have continued to invest heavily in our digitisation agenda, introducing a new BTL origination platform in property finance and building significantly scaled automation tools in business finance to ease the customer journey, in-life management and portfolio analytics.

“With an improving economic backdrop, strengthening demand for our specialist lending proposition, a robust capital position and a strong funding base, we are ideally placed to build on this continued momentum throughout 2021 and into 2022.”

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